Blackstone to buy quant credit investment firm DCI

Blackstone announced today an agreement to acquire quantitative credit investing firm DCI, which has $7.5 billion in AUM across the global investment grade, high yield and emerging corporate credit markets. The San Francisco-based firm applies proprietary, fundamental-based, technology driven model and is led by experts in quantitative and systematic fixed-income research. The firm manages long-only and long/short strategies for some of the world’s largest institutional and private wealth investors. “DCI has more than 15-year track record of developing and applying technology-driven strategies and is at the forefront of the evolution towards quantitative investing in the corporate bond market,” said Dwight Scott, global head of Blackstone Credit. “DCI will strengthen and differentiate the solutions we provide to our retail, institutional and insurance clients.” Blackstone plans to fold DCI into its $135 billion Blackstone Credit division. DCI will broaden the unit’s capabilities in high yield and investment grade credit in addition to integrating DCI’s models and technology. The deal will also increase access to investors via the firm’s UCITs platform. In turn, DCI’s investment process will be supported by Blackstone’s vast resources, scale and deep relationships across global financial markets. “Joining Blackstone Credit will provide DCI’s team and investors with access to unparalleled institutional resources and asset management expertise and accelerate the development of innovative solutions in corporate credit,” said Tim Kasta, CEO of DCI.

Continue Reading With a Free Trial

Be an Alts Watcher

Subscribe to our mailing list and know first!

PayPal’s crypto move isn’t perfect, but it could help Bitcoin go mainstream

HFR: China hedge funds see 15% YTD gains

Related Articles

Kennedy Lewis raises $2.1bn for opportunistic credit fund launch

Crosslink backs early-stage ambitions with new fund

Point72 Ventures seeds AI platform Swapp

Carlisle raises $290m for second absolute return fund

Get our daily news digest in your inbox

Get our daily news digest
in your inbox